Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Portugal
Annual, Seasonally Adjusted
LFHU24FEPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,416.67
Year-over-Year Change
-48.42%
Date Range
1/1/1983 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted labor force participation rate for the U.S. civilian noninstitutional population aged 24 years and over. It is a key indicator of labor market health and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The labor force participation rate represents the share of the civilian noninstitutional population that is either employed or actively seeking work. This metric provides important insights into the size and composition of the overall labor force, which is critical for economic policymakers and analysts.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force participation trends to assess the strength of the labor market and broader economic conditions.
Key Facts
- The labor force participation rate reached a peak of 67.3% in 2000.
- Participation has declined from 66% in 2007 to 63.4% in 2022.
- Aging population and declining participation among prime-working-age adults are driving the overall trend.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted labor force participation rate for the U.S. civilian noninstitutional population aged 24 years and over.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a critical indicator of labor market health and economic activity, providing insights into the size and composition of the overall labor force.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation trends to assess the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into labor market dynamics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHU24FEPTA647S), retrieved from FRED.